Sunday, October 19, 2025
spot_img

COVID -19: Glenmark extends Min Rs. 10 Lakhs supports to deceased employees families

spot_img
- Advertisement -

COVID -19: Glenmark Pharmaceuticals extends Min Rs. 10 Lakhs supports to deceased employees families

Glenmark Pharmaceuticals Ltd. (GPL), a global research-led pharmaceutical company extends support to deceased employees’ families who lost their lives battling with COVID-19.

Announcing the support company said, “It is deeply saddening to know that some of our colleagues who have battled or battling with COVID-19, and unfortunately some of them have lost their lives battling with this disease. Although no words could ever ease the pain of families of employees who have passed away. However, we want to reassure them of our unwavering support in these tough times.”

The company has announced to pay one year fixed salary (Minimum 10 lakhs to Max 1 crore) as a special benefit. This benefit is applicable to India-based full-time employees with retrospective effect and is being granted as a special benefit in addition to Group Life Term Insurance plans that are currently applicable.

The company said, “It will be the part of the employment term & conditions and will be subject to review in future.”

“While we can’t ever compensate for the loss suffered by the families, but hope that this benefit helps them rebuild their lives. We remain committed to the safety and wellbeing of our employees and their families, and urge them to continue taking utmost precautions to safeguard themselves.” the company added.

Glenmark Pharmaceuticals Ltd. (GPL) has its presence across Generics, Specialty and OTC business with operations in over 50 countries. Glenmark’s key therapy focus areas globally are respiratory, dermatology, and oncology. It is ranked among the top 80 Pharma & Biotech companies of the world in terms of revenue (SCRIP 100 Rankings published in the year 2019).

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

TCS to Hire 40,000 Freshers Amidst Industry Challenges: HR Head

Tata Consultancy Services (TCS), one of India’s leading IT...

ESIC: Major Initiatives Taken in 2020

ESI Corporation: Major Initiatives Taken in 2020 Employee’s State Insurance...

Shahi Exports appoints George Verghese as CHRO

India’s largest apparel manufacturer and exporter, Shahi Exports has...

India unlikely to be hit as hard by global recession as other nations

The Covid-19 as it has changed the working culture...

Top HR Challenges in Total Rewards landscape

An exclusive conversation with Manu N Wadhwa, Chief Human...

BharatPe Co-Founder and MD Ashneer Grover resigned

BharatPe Co-Founder and Managing Director, Ashneer Grover, who had...

Xiaomi has laid off 900 employees due to revenue drop

The Chinese smartphone manufacturer, Xiaomi has reportedly laid off...

McDonald’s to Open India Office and GCC in Hyderabad, Creating 2,000 Jobs

McDonald's, the global fast-food giant, has announced its decision...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/